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Which of the following statements is NOT correct? The common shareholders of a company have limited liability. Secondary market transactions in the United States mostly
Which of the following statements is NOT correct?
The common shareholders of a company have limited liability.
Secondary market transactions in the United States mostly take place over the counter and not in exchanges
An active secondary market for debt or equity securities makes raising new capital less expensive for firms
Companies raise capital in primary markets by issuing new securities
The preemptive right is important to shareholders because it protects the current shareholders against a dilution of their value and control.
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